Funding you earn now, next payment 04:00 UTC−0.0039%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Binance+0.069%51s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$950.949% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.069%, 7d avg +0.011%
=The price spread pays, funding is against you. BloFin is 0.057% dearer against Binance than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.011%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TURBOUSDT | 0.001064 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $2.9M | $5.8M | 50x |
| Short | BloFin TURBO-USDT | 0.001065 | 0.0061 | get 0.0031% / 4h | 1h 32m | $158K | $424K | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.13
- Price spread: +0.069% → +0.011%
- $5.72
- Slippage, 4 orders
- −$72.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$97.28
- Costs to cover
- 0.949%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 8 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 6 min ago | 3.79 bp | 23.9 bp −$24 | 127.4 bp −$1,274 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 3.78 bp | 23.8 bp −$24 | 50.9 bp −$509 | doesn't fit | doesn't fit |
TURBO on 14 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TURBOUSD | −0.0088% | 1h | 0.001064 | −0.023% | $68K | $28K | 20x | as long as short |
| Injective TURBO/USDC PERP | +0.0033% | 1h | 0.001069 | +0.444% | $83 | $4 | 5.5x | as long as short |
| BloFin TURBO-USDTshort | +0.0061% | 4h | 0.001065 | +0.069% | $158K | $424K | 75x | |
| Hyperliquid TURBO | +0.0100% | 1h | 0.001065 | +0.069% | $317K | $143K | 3x | as long as short |
| Aster TURBOUSDT | +0.0100% | 4h | 0.001064 | −0.005% | $9K | $20K | 10x | as long as short |
| Binance TURBOUSDTlong | +0.0100% | 4h | 0.001064 | long leg | $2.9M | $5.8M | 50x | |
| Bybit 1000TURBOUSDT | +0.0100% | 4h | 0.001065 | +0.078% | $398K | $733K | 25x | as long as short |
| OKX TURBO-USDT-SWAP | +0.0100% | 4h | 0.001063 | −0.110% | $922K | $1.9M | 20x | as long as short |
| Gate TURBO_USDT | +0.0100% | 4h | 0.001064 | −0.044% | $400K | $244K | 25x | as long as short |
| MEXC TURBO_USDT | +0.0100% | 4h | 0.001064 | −0.016% | $5.4M | $557K | 20x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TURBOUSDTM | +0.0100% | 4h | 0.001064 | +0.012% | $2.0M | $775K | 20x | as long as short |
| Bitget TURBOUSDT | +0.0100% | 4h | 0.001066 | +0.163% | $1.0M | $477K | 25x | as long as short |
| BingX TURBO-USDT | +0.0100% | 4h | 0.001064 | +0.012% | — | $7.7M | — | as long as short |
| Extended TURBO-USD | +0.0104% | 1h | 0.001064 | −0.039% | $4K | $175K | 5x | as long as short |
Binance TURBOUSDT
BloFin TURBO-USDT
Kraken Futures PF_TURBOUSD
Injective TURBO/USDC PERP
Hyperliquid TURBO
Aster TURBOUSDT
Bybit 1000TURBOUSDT
OKX TURBO-USDT-SWAP
Gate TURBO_USDT
MEXC TURBO_USDT
KuCoin TURBOUSDTM
Bitget TURBOUSDT
BingX TURBO-USDT
Extended TURBO-USD